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Glencore
(LSE:GLEN)
Glencore (GLEN) vs. iShares MSCI United Kingdom ETF (EWC)
Glencore Business Overview & Revenue Model
Glencore Earnings Call Summary
Glencore Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 231.25B | 230.94B | 217.83B | 255.98B | 203.75B | 142.34B |
| Gross Profit | 5.76B | 6.28B | 10.78B | 27.26B | 12.38B | 3.70B |
| EBITDA | 9.15B | 9.85B | 15.32B | 32.23B | 16.03B | 3.13B |
| Net Income | -2.06B | -1.63B | 4.28B | 17.32B | 4.97B | -1.90B |
Balance Sheet | ||||||
| Total Assets | 132.18B | 130.46B | 123.87B | 132.58B | 127.51B | 118.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.70B | 2.17B | 1.95B | 1.97B | 2.69B | 1.42B |
| Total Debt | 42.34B | 38.11B | 32.24B | 28.78B | 34.64B | 37.48B |
| Total Liabilities | 99.39B | 94.80B | 85.63B | 87.36B | 90.59B | 83.60B |
| Stockholders Equity | 37.83B | 40.67B | 43.58B | 49.41B | 39.93B | 37.64B |
Cash Flow | ||||||
| Free Cash Flow | 143.00M | 4.44B | 6.55B | 9.48B | 5.24B | -905.00M |
| Operating Cash Flow | 6.06B | 10.05B | 11.04B | 13.66B | 8.86B | 2.66B |
| Investing Cash Flow | -12.39B | -11.72B | -3.56B | -1.72B | -541.00M | -2.71B |
| Financing Cash Flow | 6.20B | 2.14B | -7.49B | -13.20B | -6.52B | -320.00M |
Glencore Technical Analysis
Glencore Risk Analysis
Glencore Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £90.00B | 10.78 | 18.43% | 5.20% | -3.50% | -7.04% | |
68 Neutral | £41.28B | -26.72 | -5.26% | 1.97% | -1.06% | -285.88% | |
66 Neutral | $32.16B | ― | -9.21% | 0.82% | -27.65% | -160.77% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Glencore Corporate Events
Glencore has announced significant advancements in its copper portfolio, aiming to produce approximately 1 million tonnes by 2028 and targeting 1.6 million tonnes by 2035. The company plans to restart the Alumbrera copper mine, enhancing its production capabilities and supporting its strategic growth in the copper sector. Additionally, Glencore is optimizing its operating structures to ensure accountability and reliability, while continuing to focus on shareholder value through strategic partnerships and investments. The company’s efforts align with the growing global demand for commodities driven by AI infrastructure and energy transition needs, positioning Glencore as a leading player in the natural resource industry.
Glencore plc announced it will host a Capital Markets Day presentation, providing stakeholders with insights into its operations and strategic direction. This event underscores Glencore’s commitment to transparency and engagement with investors and the public, potentially impacting its market positioning and stakeholder relationships.
Glencore has announced its total voting rights as of November 28, 2025, with an issued share capital consisting of over 13 billion ordinary shares, of which approximately 1.27 billion are held in treasury. This results in a total of 11.77 billion voting rights, which shareholders can use as a denominator for interest calculations under the Financial Conduct Authority’s rules. This update is crucial for stakeholders to understand their shareholding position and any necessary notifications regarding changes in their interest in the company.
Glencore plc announced the purchase of 7.2 million of its own shares from UBS AG as part of its ongoing buy-back program. The transaction, conducted off-market, aims to reduce the total number of shares in issue, enhancing shareholder value and aligning with the company’s strategic financial management goals.
Glencore plc announced the purchase of 9.6 million of its own shares from UBS AG as part of its ongoing buy-back program. This transaction, which is part of a strategy to manage share capital and enhance shareholder value, will result in the cancellation of the purchased shares, reducing the total number of shares in circulation.
Glencore PLC announced the purchase of 9.6 million of its own shares from UBS AG as part of its ongoing buy-back programme. The shares were bought at a net price of CHF 2.5077 per share, with the transaction being part of a strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. The buy-back programme, which began in July 2025, is expected to conclude by February 2026. This move is aligned with Glencore’s strategy to manage its equity exposure and optimize its capital structure.
Glencore plc announced the purchase of 6.4 million of its ordinary shares from UBS AG as part of its ongoing share buyback program. This transaction, conducted off-market, is aimed at reducing the number of shares in circulation and is expected to be completed by February 2026, aligning with the company’s financial results release. The buyback is part of a strategic move to enhance shareholder value and manage equity exposure, with the shares purchased intended for cancellation.
Glencore announced that as of October 31, 2025, its issued share capital consisted of 13,072,525,895 ordinary shares, with 11,804,416,854 shares carrying voting rights. This figure is crucial for shareholders to determine their notification requirements under the FCA’s rules. The announcement highlights Glencore’s transparency in shareholding and voting rights, which is significant for stakeholders monitoring changes in ownership and corporate governance.
Glencore plc announced the purchase of 7.2 million of its ordinary shares from UBS AG as part of its ongoing buy-back program. The shares were bought for cancellation, reducing the total number of shares in issue to approximately 11.8 billion. This transaction is part of a broader strategy to manage the company’s capital structure and is expected to be completed by February 2026.
Glencore reported a strong third-quarter production performance, particularly in copper and coal, maintaining its full-year 2025 production guidance for key commodities. Copper production increased by 36% quarter-on-quarter, with significant contributions from KCC, Mutanda, Antamina, and Antapaccay. Zinc production rose by 10% year-to-date, while steelmaking and energy coal volumes are expected to meet the upper ends of guidance ranges. The company also highlighted a strategic focus on prioritizing copper production in the DRC over cobalt due to export quotas, with plans to store excess cobalt production in-country. The completion of the Pasar copper smelter sale and the cessation of operations at the Mount Isa copper mine were also noted.
Glencore reported a strong third quarter in 2025, particularly in copper and coal production, maintaining its full-year production guidance for key commodities. Copper production saw a significant increase of 36% quarter-on-quarter, driven by improved performance at several mines, while zinc production rose by 10% year-to-date. The company also highlighted a 123% rise in steelmaking coal production, attributed to the acquisition of EVR. Despite some declines in other areas like ferrochrome and nickel, Glencore remains confident in its marketing performance, expecting full-year adjusted EBIT to align with its long-term guidance range. The recent lifting of the cobalt export ban in the DRC, with new export quotas, will allow Glencore to prioritize copper production over cobalt, utilizing its inventory to meet quota allocations.
Glencore plc has announced the purchase of 10.8 million of its own shares from UBS AG as part of its ongoing share buyback program. The transaction, which was conducted off-market, is part of a strategy to reduce the number of shares in issue and is expected to be completed by February 2026. This move is aligned with Glencore’s efforts to enhance shareholder value and optimize its capital structure, reflecting confidence in its financial health and future prospects.
Glencore plc announced it will host a Capital Markets Day presentation on December 3, 2025, at 1 pm UK time, which will be accessible via a live webcast. This event is significant for stakeholders as it provides insights into Glencore’s strategic direction and operational plans, potentially impacting its market positioning and investor relations.
Glencore PLC has announced the purchase of 10.8 million of its ordinary shares from UBS AG as part of its ongoing share buy-back program. The transaction, which was conducted off-market, aims to cancel the purchased shares, thereby reducing the total number of shares in issue and potentially enhancing shareholder value. This buy-back initiative, which began in July 2025, is expected to conclude by February 2026, aligning with the company’s financial results announcement. The purchase was executed in Swiss francs, with Swiss withholding tax deducted, and is part of a broader strategy to manage equity exposure and optimize capital structure.
Glencore plc announced the purchase of 10.8 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were purchased at a net price of CHF 2.4803 each, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This buy-back initiative, which began in July 2025, is expected to conclude by February 2026, aligning with the release of the company’s financial results. The transaction reflects Glencore’s strategic focus on optimizing its capital structure and underscores its commitment to returning value to shareholders.
Glencore plc has announced the purchase of 7.2 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were bought at a net price of CHF 2.3977 per share, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This buy-back initiative is part of a broader strategy to optimize the company’s capital structure and is expected to conclude by February 2026, aligning with the release of its financial results for the year 2025.
Glencore announced its total voting rights as of September 30, 2025, with an issued share capital of over 13 billion ordinary shares, of which approximately 11.85 billion carry voting rights. This update is crucial for shareholders to determine their notification requirements under the FCA’s rules. The announcement reflects Glencore’s ongoing transparency in its financial disclosures, impacting stakeholders’ understanding of their investment positions.
Glencore plc has announced a transaction involving the purchase of 8 million of its own shares from UBS AG, as part of its ongoing share buy-back programme. The shares were bought at a net price of CHF 2.2867 per share, with the purchase price paid in Swiss francs. This transaction is part of Glencore’s strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. The buy-back programme, which began in July 2025, is expected to conclude with the release of the company’s financial results in February 2026.
Glencore plc announced the purchase of 8 million of its own shares from UBS AG as part of its ongoing buy-back program. The shares were bought at a net price of CHF 2.1575 per share, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This move is part of a broader strategy to manage equity exposure and optimize the company’s capital structure, with the buy-back program expected to conclude by February 2026.
Glencore plc has announced the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buyback program. The transaction, conducted in Swiss francs, is part of a strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. This buyback program, which began in July 2025, is expected to conclude by February 2026, aligning with the release of Glencore’s financial results for the year. The company aims to cancel the purchased shares, impacting the total number of voting rights and shares in issue, while maintaining a significant number of shares in treasury.
Glencore plc announced the purchase of 10,951,423 of its ordinary shares from UBS AG as part of its ongoing share buyback program. The shares were bought at a net price of CHF 2.0270 per share, with the transaction forming part of a strategy to reduce the number of shares in circulation and enhance shareholder value. This buyback program, which started in July 2025, is expected to conclude by February 2026, aligning with the release of the company’s financial results. The transaction reflects Glencore’s commitment to managing its capital structure efficiently and returning value to shareholders.